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The coal sector has registered a growth of 10.2 per cent among all eight core industries of the economy in May, the government said on Thursday. The index of coal industry has reached 184.7 points during May as compared to 167.6 points during the same month last year. "The coal sector has demonstrated highest growth of 10.2 per cent (provisional), following the electricity industry among the eight core industries for the month of May, 2024 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries," the coal ministry said in a statement. The driving force behind growth can be attributed to a considerable rise in coal production during May. This increase in production underscores the sector's capacity to meet growing demand of energy and manufacturing industries. The exceptional expansion of the coal sector, coupled with its substantial role in propelling the overall growth of the eight core industries, stands as evidence of .
India's industrial production grew 4.9 per cent in March this year, according to official data released on Friday. The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 1.9 per cent in March 2023. India's Index of Industrial Production grew by 4.9 per cent in March 2024, an official statement said. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 5.2 per cent in March 2024 against 1.5 per cent in the year-ago month. In March this year, mining production rose 1.2 per cent, and power output increased 8.6 per cent. The IIP grew 5.8 per cent during fiscal year 2023-24 compared to a 5.2 per cent expansion in the preceding fiscal.
The demand for machine tools has been increasing among many industries including aerospace, defence, infrastructure, railways, and power, industry officials said here on Wednesday. There has been a strong rebound in domestic production with annual growth rates, as per the index of industrial production (IIP) becoming positive in FY2021-22 after showing a negative growth due to the covid-19 outbreak. The production in the industry has seen an estimated 40 per cent year-on-year growth in FY2021-22 while consumption recorded a 30 per cent rise in the same period. Senior leaders of the industry led by Ambattur Industrial Estate Manufacturers Association (AIEMA) President T Nalangilli, ACMEE Chairman K Sai Sathya Kumar, ACMEE convenor P S Ramesh were here to announce the 15th edition of ACMEE 2023 scheduled to be held between June 15 to 19 in Chennai. ACMEE stands for -- Automobile and Ancillaries, Consultancy and Services, Machinery and Machine Tools, Electrical and Electronics, Energy